Dividends are distributed to shareholders listed in the company’s database on the record date. With the T+1 settlement framework, the record date and ex-date align in most cases, except when a market holiday follows the ex-date. Dividends are distributed to shareholders listed in the company’s database on the record date. With the T+1 settlement framework, the record date and ex-date align in most cases, except when a market holiday follows the ex-date. Economic Times